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New UserSharp decline in SA coal prices
02 Dec 2014
December 02: After turning soft on November 28, the prices of South African steam coal fell further on December 1 on lack of new buying support, market sources said.
ICMW had reported on December 1 that the upward trend witnessed in coal prices in international markets in the second half of November appears to be fading if the trend on the last working day of the month was any indication.
The price of standard South African coal (6000 Kcal NAR) fell by another $0.85 on December 1 on the back of $0.70 decline registered on November 28 whereas off-spec (5500 Kcal NAR) material prices slipped by $1.50 per ton taking a cue from softness in Australian steam coal prices of same specification.
With buyers, particularly from India, expecting further weakness in prices, sufficient availability of the material is likely to keep a downward pressure in overall sentiment, they added
Following are the indicative prices of coal in various markets and indicative freight rates on December 01:
|
Description of Coal |
Specification |
Price/ton (in $ and FOB) |
||||
|
As on, |
As on, |
Week ago, |
6-month ago, |
Year ago, |
||
|
December 1, 2014 |
November 28, 2014 |
November 24, 2014 |
June 2, 2014 |
December 2, 2013 |
||
|
South African Steam Coal |
6000 Kcal/kg NAR |
66.25 |
67.10 |
66.50 |
76.15 |
82.25 |
|
South African Steam Coal |
5500 Kcal/kg NAR |
57.00 |
58.50 |
58.00 |
67.10 |
67.20 |
|
Australian Steam Coal |
6300 Kcal/kg GAR |
63.25 |
63.80 |
64.20 |
73.00 |
83.00 |
|
Indonesian Steam Coal |
5900 Kcal/kg GAR |
60.10 |
60.10 |
60.25 |
67.20 |
68.50 |
|
Indonesian Steam Coal |
5000 Kcal/kg GAR |
48.75 |
48.75 |
48.60 |
55.50 |
56.00 |
|
Indonesian Steam Coal |
4200 Kcal/kg GAR |
36.00 |
35.90 |
36.00 |
37.30 |
38.40 |
|
Indonesian Steam Coal |
3800 Kcal/kg GAR |
29.00 |
29.00 |
29.10 |
31.40 |
32.50 |
|
Hard Coking Coal (Australian) |
VM-20.7%, Ash-10.5% |
112.00 |
111.75 |
112.50 |
113.50 |
136.50 |
|
Premium Low Vol |
VM-21.5%, Ash-9.3% |
110.75 |
110.75 |
111.00 |
112.00 |
134.50 |
|
Semi Soft |
|
77.75 |
77.25 |
77.00 |
76.50 |
94.00 |
|
Met Coke (CFR India) |
|
198.00 |
198.00 |
197.00 |
212.00 |
274.00 |
Freight rates:
|
Destination |
(in $/ton) |
||||
|
As on |
As on |
Week ago, |
6-month ago, |
Year ago, |
|
|
December 1, 2014 |
November 28, 2014 |
November 24, 2014 |
June 2, 2014 |
December 2, 2013 |
|
|
South Africa (RBCT) to India (West Coast) |
14.50 |
14.60 |
14.75 |
13.50 |
16.75 |
|
South Africa (RBCT) to India (East Coast) |
15.25 |
15.25 |
15.40 |
14.20 |
17.25 |
|
Indonesia (Kalimantan) to India (West Coast) |
10.40 |
10.40 |
10.50 |
9.70 |
12.00 |
|
Indonesia (Kalimantan) to India (East Coast) |
9.00 |
9.00 |
9.00 |
8.50 |
10.40 |
|
Australia to India |
15.20 |
15.50 |
15.50 |
15.50 |
18.00 |
Source: Traders and ICMW database